Circle CEO Jeremy Allaire believes that the risks to the banking system haven’t completely disappeared days after the US federal government stepped in to protect depositors of the now-collapsed Silicon Valley Bank.
While praising the actions of the federal government, Allaire says in a new CNBC interview that contagion risks still remain.
“Fortunately again, the path that the federal government took was I think the right path.
Trending: BREAKING: Name of Judge Presiding Over Trump Case is Revealed… Here’s What Trump Had to Say About Him
As we’ve seen, the risks of contagion, the risks of a broader fallout in the financial system appear to have been systemic. And I think that President Biden and [U.S. Treasury] Secretary [Janet] Yellen, etc have made a good set of decisions there. I don’t think those risks have dissipated at this point entirely.”
The CEO of
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!